Property profile

501 Mckee St Greeneville, TN 37743

OFF-MARKET
Retail space
Property ID
US80-0369217
5,100 SF 0.2 ac lot Built 1980
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,100 square foot commercial building, situated on a highly visible 0.21-acre corner lot in Greeneville, TN, presents a unique investment opportunity. Constructed in 1980, this property has a proven track record of success, having housed a thriving business for many years. The building's prime location ensures high traffic and excellent visibility, making it ideal for a wide range of commercial ventures. The main floor boasts over 1,500 square feet of finished office space, perfectly suited for administrative functions or client interaction, complemented by over 1,000 square feet of main floor storage. A full basement, accessible via a convenient garage door, offers ample space for additional storage, material handling, or the potential for expansion and development of extra finished space. The building is equipped with a comprehensive range of utilities, including natural gas, public sewer, and cable. A dual fuel heat pump system efficiently provides climate control for both levels, ensuring year-round comfort and operational efficiency. This property represents a rare chance to acquire a well-established commercial space in a desirable location, ready for immediate occupancy and poised for future growth. The asking price is $298,500.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1980
Total area 5,100 SF
Lot 0.2 ac (8,712 SF)
Zoning code M1
APN 030098M D 00100
UPID US80-0369217

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor

Location

501 Mckee St Greeneville, TN 37743-6029
Greeneville metro Census 90400 GREENEVILLE, TN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$185k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$190k

Owner & transaction history

since 2023
Last sale
$135,000
3 recorded transactions
2023
$215,000
2012
Price N/A
2003
Price N/A

Zoning & alternative use

M1 · Greeneville, TN
Zoning description

712. M-1 (Manufacturing Warehouse) Restricted Manufacturing and Warehouse. This industrial district is established to provide areas in which the principal use of land is for light manufacturing and warehousing. It is the…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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